What is a good ratio for salary to auto-loan?

I am looking to buy a car and would like to know what is a good ratio for income to car value?

What is a good ratio for salary to auto-loan?
15% of available income. i am a car dealer. take your gross income(before taxes), then take out your mortgage or rent, and other car or large loan payments, that is your available income





I've bookmarked this site...





http://www.123thebest.info/go.php?link=a...





Best of luck to you.
Reply:Auto finance is what I do for a living and that's not how it works.





Auto lenders work off of what's called payment to income ratio before the credit crunch it used to be no more then 20% so if you make $3,000.00 a month before taxes you would qualify for up to a $600.00 payment now they want people to be at 16% or less.
Reply:Due the quarters plan and you will never be wrong. 1 quarter for rent or mortgage, 1 quarter for all ulty's 1 quarter car payment plus ins plus maintance, 1 quarter food and savings. So if you make 30.000 a year you car can not cost over 13.000
Reply:your salary, per month, should be at least 3 times the monthly cost of the vehicle (including insurance).